Bushfires won’t impact covered bonds and mortgage backed ratings (Money Management)

The Australian bushfires will have no impact on the ratings of covered bonds and residential mortgage-backed securities (RMBS) as they remain in remote or regional areas with low population levels, according to Fitch Ratings. Fitch said the mortgage portfolios of covered bonds and RMBS were concentrated in densely populated areas, while the bushfires had mostly impacted less-densely populated areas.
 

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27 Oct 2019

Josh Frydenberg borrows from non-bank lender for Hawthorn home (Herald Sun)

Josh Frydenberg has taken his own advice and borrowed from a non-bank lender instead of one of the big four banks when getting a loan for his Hawthorn family pad.
 
Business to non-bank lenders has rocketed since last year’s bank Royal Commission as Aussies take their business elsewhere.

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